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Yellen to defend Fed's ultra-easy monetary policy
Janet Yellen, President Barack Obama's nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics. At a Senate Banking Committee hearing on her nomination to be the first woman to run the nation's central bank, Yellen is likely to remain vague on future Fed actions. But she will look to head off calls for the Fed to back away from its muscular efforts to spur stronger economic growth and lower unemployment. "I believe that supporting the recovery today is the surest path to ... (full story)
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